Yesterday morning after communication to the market the trading system
was briefly halted in controlled manner, in order to rectify an issue
resulting from the start-up procedure.Besides a brief period of downtime there was no other impact to the market.

“We communicated this to the market while our IT team quickly rectified the problem,” comments Anthony Leibrandt Manager: Derivatives Trading based in Gauteng “The system was put through a series of tests before it was launched, but unfortunately, as with all technology, challenges do occur.”

The new system has been specifically designed for the South African equity derivatives market which, in a number of instances, is a world leader as far as these markets are concerned.